Vietnam’s 2015/16 sugar output was 1.23 million tonnes, a drop of 12.7% compared to last year.
The agriculture ministry has announced a plan to expand cane production. By 2020 the total cane growing area would reach 300,000 ha, while sugarcane output would be 21 mln tonnes, based on an average yield of 70 tonnes per ha.
Whereas Thailand’s sugar production has increased sharply from 6 million tons in 2000 to 11 million tons in 2015/2016 crop, output in Vietnam over the same period has increased by only 500,000 tons, from 700,000 tons to 1.2 million tons.
According to local press reports, many experts have shown concern about the slow development of the sugar industry, saying that the protection policy has made the industry less competitive, with the production cost 30-40% percent higher than the average level in the world.